What's up everyone? Alright, so today's one of those days where I feel like I'm the man on the mountain saying won't come on up now Yesterday I felt like the plow man in the valley with a face full of mud. I was down 1,900 bucks I was bumbling. my trades wouldn't start I was stumbling and I bought a bad shooting star but today everything turned around this afternoon. I'm gonna be the man who walks the hillside in a sweet summer Sun I'm finishing up two thousand four hundred seventy-three dollars.

Life is good. if you got it, you know it. If not, stay tuned for the next one. Today the midday recap is on fire.

A great day of trading gets me back from yesterday and I'm happy about that, so enjoy any questions. Any comments, leave them below and I'll see you guys first thing tomorrow morning. All right everyone. So we're gonna do our midday market recap and go over the traits from this morning.

This is a green day. up. two thousand, four hundred seventy three dollars. It's you know, a nice green day for the market that we're in.

It's kind of like we're in a market where you know one step forward, one step back. That's kind of how its felt. you know I lost some money yesterday, was down 19 bucks but bounced back today $2,400 So you know between the last two days really not a lot of profit. basically couple bucks, but you know that's okay Right now, it's just keeping your head above water treading water survive so you thrive and it's kind Of like live to trade another day so you know it's a Green Day I'm happy with that.

Quickly made back yesterday's losses. That's good news. Three stocks I Traded good trades on all three of them. wasn't super aggressive, didn't get myself into trouble, didn't take ten.

Fifteen thousand shares maxed out at six thousand shares. Followed the rules. So all in all, that's a good day. You know when you come out on top following the rules, That certainly feels good.

So I'm happy with that. But and I would say today we did see more momentum in the market than we've seen in the last three days. Kayo SS was a nice setup for continuation. mynd some good strength out of the gates and ye Co a little surprise move this UX and I and I've been kind of watching but I'm I'm not I'm not gonna trade it at this point in the day it out of the gates ended up dropping down going sideways.

It sort of moves up here. It's not really like my go-to setup so that when I'm leaving alone any W a newa this one new water technology I'm also leaving alone really volatile the last couple days. like crazy volatile but I just didn't really feel super comfortable trading it. It's outside my price range.

This is not my go-to setup so followed the rules. I'm coming out of the day green with more money than I started with so you know that's always. That's always a good thing, You know? I think that's kind of gotta be your attitude right now. You got a scalp your way to the daily goal.

You know you want a little bit of profit. You gotta take it right. You get a little profit from the market, you take it, and you get out. So get in, get your five, ten, fifteen cents a profit, and get out.

That's the market we're in. You know we're not in a market where you can just hold and let things work and and you know, just let it ride. If you have profit, you've got to take. So I did that today on these three trades and these three stocks I traded and I'm I'm happy with that.

Could I have made more by holding you know the initial position and letting it ride. Sure, but you know just as easily they could have come right back down and breakeven and I won't have had any profit at all. So this month is about capital preservation. It's about staying alive and you know I think I'm doing a pretty good job of that.

You know it's I'm just kind of grinding and hoping that we see some better momentum. Maybe next week? I mean tomorrow's Thursday than Friday I Don't know if we're gonna see a whole lot through the end of the week, but you never know we might. and then next week there's always hope that we finish the month of August strong. You know, in in in one day.

I Can make forty fifty thousand dollars in a hot market so things can pick up really fast and then we start seeing sympathy momentum and you know it's stock left and right and that gives us great opportunities. Remember this: I Am te stock. You know out of nowhere on one day it goes from two dollars and twenty-nine cents to a high of 40 bucks the previous day. Nothing, nothing, nothing.

and then it goes from two dollars to forty bucks on that day made 26 thousand dollars or was a twenty nine thousand. Either way, it was a great day. So you know the market can be really slow and then suddenly surprise you with a great opportunity. So this morning we'll take a look at the Gap scanner.

those you guys in classes and you know when we do these midday recaps, we're kind of going over everything we talked about in the classes, learning a trade. It begins with understanding foundational concepts of the market of finance in general, and then each day we have a job which is to try to find a stock that's worth trading. Try to find a stock that has the potential to make a twenty to thirty percent move. The biggest discovery for me as a beginner trader was when I realized that every single day there's a stock that moves twenty to Thirty Percent every single day So once I realized that my job was to find that stock as early in the day as possible, try to buy it when it's up five to ten percent and hold it till it's up twenty to thirty percent now.

I Also realized that several times a month and sometimes even several times a week, we will see stocks that go up 50 to 100 percent in a single day. Those are your momentum stocks on steroids. Those are the ones that can give you the opportunities to have huge winners, but at a kind of minimum level. every day, there's twenty thirty percent movers.

So today, USCG You know, the stocks already gapping up 23 or 23 percent. Any W.a already gapping up twenty percent according to the scanner scanner was a little finicky this morning. It wasn't exactly right, which was kind of weird. so you know I wasn't really actually that interested in any of these.

The floats were too high, the prices were too high. So what? I decide to watch was Kos S, which was a continuation set up from the move yesterday. So continuation is one of the setups that we trade and the biggest challenge with it is that you won't necessarily find these stocks on your Gap scanners because they're not always gapping higher. Sometimes they're just going a little bit sideways.

Sometimes they're even gapping down slightly. But what they all have in common it for continuation is that the previous day was a big day, so costs yesterday goes from a low of 310 to a high of 415. So a pretty nice big candle. Good volume.

today where I was watching it and thinking okay, if this thing can break over yesterday's high I'm interested and we've got this kind of like ascending you know, trendline like kind of right in here. So I'm watching it over 4:15 the bell rings and on this one I end up doing a one-minute opening range breakout. Alright so those of you guys who have gone through chapters, the gap and go strategy the top of the one-minute candle is our entry. The bottom is our stop on this one I jumped in it at 404 actually I got in a little early 402 and 406 I Got in as soon as I started seeing some green on the time and sales on tape.

Reading the tape, seeing that flow of buyers I was like yep, I'm jumping in this quick by getting in early. The good news is that my stop is the same. It's still 390. so with an early entry, I've got a tighter stop.

So I get in early. it breaks over three, four oh five, four oh six and pops up to four. Eighteen consolidates for a second, drops down to 396. Moment of Truth will it hold? Pops back up to 420 and then pops up to 433 which was nice.

So on that one, I had six thousand shares and I was selling at Seventeen eighteen a little bit at Thirty three and then I decided to add back as it was squeezing up here. So once it broke, it pulled back at thirty three and then once it broke over this level I added back for the break over 440 with a target of the half dollar, it pops up to 460 right here. So up to 460 I'm in at 39. I'm selling at fifty eight, having to cancel orders that aren't filling, selling at fifty two, and then I add at fifty eight I add right here on a 1-minute micro pullback, a flat top.

at 60. add a fifty eight, it pops up to 69. My goal is to scalp that little breakout I sell seven hundred shares of 67, the rest is sixty five and Sixty one. So just like that I have one two three winning trades all in the 1-minute chart.

All right. So three good trades on the one-minute chart. It then drops back down here and I want to say yes? So that was the end of that trade. So then I switch gears to my Nd.

My Nd was off of our high a day momentum scanner. All right. So this stock hits the scanner right around. What was it like? a dollar? Fifty dollar? sixty I See it on the scan and I'm looking at it.

It pops up and I'm like okay, I'm gonna watch this for a second I'm watching the I'm in sales I see volume comes in and so I get in right here on this candle at 65. So I punched the order at 64 and 65. Boom I'm in with six thousand shares. It pops up here to set to 86 and then to 96 and I'm scaling out into the move but adding back for high a day breaks.

So I sell it 74, then I add back in 75 when it holds that level I sell at 85, then I add back at whatever 82 and then I sell at 81 and add back in 96 and sell at 202. So I might have had a couple a small loss in there, but you know, a couple scalps and I'm able to make about 900 bucks on that stock I get back into costs. This one was a as when I got back into it it was a 1, 2, 3, 4 set up on the one-minute chart so we had the move up so 1, 2, 3 and then 4. So I got in right there for the break over this level and a test a high a day I jump in at 41 in 46 I'm able to take some profit 54 55 I add back in 56 looking for the hide a break up here 267 it pops up 262 I try to sell, try sell I don't get filled and I ended up stopping out on the way back down all the way for 20 and giving back on that like 500 bucks or so.

So I went from being up about eight hundred eighteen hundred dollars on cost up thirteen hundred, which is good. It's still green, but not as big of a winner as I was hoping for. And then we had Ye Co. this stock was halted this morning and then it resumes trading.

It dips down for a second and as it surges back up I jump in with small-sized I stride with three thousand shares I got a partial fill only filled 1,700 and started scaling out. At 48 52, it gets halted. It resumes higher taps a high of 71 and I'm scaling out a little more a little more, only 270 bucks. It wasn't a big trade or big sized and this one was also on the scanners.

but we knew that I had the resistance of the 200 moving average so it was kind of mindful of that when I was comfortable swinging for the fences on. But I thought it was at least worth a scalp. And yeah, it ended up being okay. So those are my three stocks I Traded today 2,400 bucks Green is good.

Still have that goal of getting the account back up to a hundred grand. You know that's kind of what I've been doing, getting it up to a hundred, then taking out twenty five thousand, back up to a hundred Twenty-five thousand. Now if I have a couple of really good days of trading, might get up to 125 and then take out 50. but this month has been grinding I haven't been able to take anything out I'm just kind of going sideways so you know the thing today is my biggest position was 6,000 shares on costs at for you know, 450.

That's like twenty-seven twenty-eight thousand dollars in the trade. So I really don't even need all this cash in my account I certainly could take this out and draw my account down to like 40 grand or something like that if I if I wanted to or if I needed the money. The only thing is that we we may see a stock you know like a KBS type of type of stock that ends up being up in the five to seven dollar price range like on this day here it ended up selling off but on this day you know it's 750 if they pull back and then start to squeeze up and I want to buy 5,000 shares or 10,000 shares and it was on margin restriction you know I wouldn't have to have the cash. So if to me one of the things is if I think my money is gonna earn more interest somewhere else then I'll take it out.

But if taking the money out means I'm gonna miss an opportunity to make five or ten thousand dollars on trade, then I should leave it in, right? So kind of leaving the account around seventy five thousand right now gives me a good buffer. and I haven't had any issues with buying power, so probably just leave it around there for the time being. But anyway, so that's about it for me today. You know it's been a slow week.

didn't trade at all on Monday lost money on Tuesday made it back here on Wednesday So I'm up like 400 bucks on the week. It's really nothing to write home about there. it's the 155th day of the year, so tomorrow will be day 100 56, Friday 157 and I am just hoping that we see a little bit of Momentum so I could try to finish this month in the green. You know that's what I'm that's what I'm hoping for.

So anyways, that's that's what's going on me. Warrior Pro Students class in about an hour at noon time. We're going to continue on Chapter seven. Over the last couple days, we've done Chapter seven and we've been going over all of the setups.

Chapter seven is the Momentum Trading class. so chapter seven has twelve setups and we've covered eight of them. so we've got four more to cover. I am breakeven on the month right now I Actually today I'm up I'm up 124 dollars on the month today I Go Green, but it's basically breakeven So this is a month where it's been one step forward.

one step back, one step forward. one step back. Like I said in yesterday's recap during hot months, you know I'm going like this: Yeah I have losses, but I bounce right back and make more I make five to eight thousand ten thousand dollars on good days in slow markets I have days where I lose twelve hundred, nineteen hundred like yesterday. Then I have days where I make twenty-five hundred and then you know couple.

Basically like, this is kind of the way it is in a choppy market I might have one big loss here and then have to spend a couple days getting back and and it can last this way for a couple weeks and then you start seeing more of the big days and a couple more big days and a couple more big days. and then next thing you know you're you know, a week or so into a hot streak? That's the way it always goes. So right now I'm just biting my tongue trading with smaller size, grinding on these smaller numbers. it's You know, it's not the funnest thing to do, but it's you know, just the way it is.

just part of trading. kind of hot streak singing there cold streak. So I'm how many weeks into a cold streak am I I'm let's see I am it's it. Actually started the first day of the cold streak.

was the 19th of June July So it's actually been like a month of kind of cold trading in that month. I've made let's see I guess I've really only made like about $1,000 or so in the last in the last month. It's really been a grind. It's kind of crazy during good-good hot market.

So I'll make 1020 thousand dollars a week. and then in these types of markets you know you try to get trade started. you get stopped out. you don't see follow-through and if you try trading with bigger size, that doesn't really help the losses just end up being bigger.

And remember a winner. with 4,000 shares. you know, 10 cents? That's 400 bucks. You know a good job.

If you took 10,000 or 15,000 shares, you might not be able to get that full 10 cents of profit because you might not be able to sell 15,000 shares on the ask. You can sell 4,000 shares on the ass, but you can't sell 15,000 shares on the ask usually not all in one block. so that means you need a more sustained move to capture the same number of cents per share with bigger size. So that's the only issue with scalability is that you might think, well, I made this amount with 3,000 shares.

I should be able to do it with 30,000 when you'd make those big jumps. It's not always the case because what would have been a small winner with 300 or 3,000 shares ends up being a 10 cent loser with 30,000 right? And so not that I'm trading with that type of size. but just you know, the example is the same. Even with 15, 12, or 15 thousand shares, you just cannot always get out as quick on these ones.

I wasn't able to fill 220 shares on the ask I had to cancel the order. If there's no one there to buy the shares, there's no one there to buy it. So you know that's kind of the the thing that that I've been dealing with and so today kept myself capped at 6000 shares. Happy with that? Obviously, I'll make money faster when I can increase share size, but the market needs to warrant the increase in size.

All right, So that's it for me. Class starting in about an hour and everyone else. I'll see you guys first thing tomorrow morning and hopefully we'll have a nice Gap scanner to wake up to. All right, I'll see you guys in the morning.

Oh hey, I didn't see you there? Well I was just working on the dream board for my next home run trade. Hopefully it comes soon. Until then, make sure you subscribe to get email alerts anytime I Go live or upload new videos until happy surfing.